On April 30, 2024, Lakeview Investment Group & Trading Company LLC announced that it has sent a letter to the Pitney Bowes Inc?s board directors, stating that it has a record of engaging with boards of directors and management teams to help them improve governance and initiate value-enhancing actions, and want to maintain a similarly productive relationship with the Company. In addition, Lakeview Investment stated that it has recognized the Board?s efforts to help reduce the Company?s cost structure and streamline the organization since 2023 Annual Meeting, and believed that there is more work to be done to unlock value for shareholders, which leads Lakeview Investment to write to the Company to, 1) the Board needs to initiate an immediate sale of the Global Ecommerce unit, 2) the Company needs permanent leaders following unacceptable churn in the executive ranks. Further, Lakeview Investment stated that it urged the Company board consider the immense value creation opportunity at hand and would welcome the opportunity to share additional details regarding its recommendations at board?s convenience.